Khan Academy: Price Elasticity: Total Revenue and Elasticity

Clarification on the relationship between total revenue and elasticity. [8:25]

Provides an introduction to the price elasticity of demand. [13:17]

Are you ready to look a bit deeper at why elasticity changes despite having a linear demand curve? This video explains how the quantity of demand of good or service changes when it price changes. [6:00]

An explanation of how the elasticity of supply works.

Discover what a demand curve with constant unit elasticity would look like. [4:37]

Video lecture explores the price of one good effecting quantity demanded of another. [11:20]

The 19th podcast of a 21-part series on economics focuses on the costs of production when running a business. Historians analyze the difference between fixed, explicit, and implicit costs. They use mathematical equations to find total...

Practice what you have learned about total utility, marginal utility, total revenue, and costs in this four-question exercise.

A video [7:04] explaining how price elasticity relates to demand changes in response to income elasticity.

Students will learn about the importance of knowing the cost of living when considering a move to a new city. Content brought to you by our partner, Better Money Habits.